techmental_AK

techmental_AK

Have already posted the trade idea (link below) based on weekly chart and levels After dissecting down to daily TF, got a good structure

techmental_AK

Chart

techmental_AK

TRADE PLAN for Mid / Long Term : (6 months to 30 months) Buy 25% at 680, 50% when comes down to 600 zone, balance 25% inbetween 610/670 Weak below 520 (day close basis) Probable level is 1035 BASIS : Inside bar breakout on Monthly MultiYear breakout (since 2014) supply zone on monthly Volume spurt on weekly candles Bullish structure Supported by Funsamentals

techmental_AK Updated 

Have drawn 4 rays, representing 4 levels. Accumulate 25% at each level.. SL marking ✅ If it doesn’t come down to fill the quantity, still it’s fine as we’re accumulating 50% on higher levels. View : 1 to 15 months OR 20% to 50% gains, whichever is earlier.

techmental_AK

Finally a breakout after 4 rejections Accumulate 1640 to 1685 Probable level 1900+ Weak below 1605

techmental_AK

It has formed a CUP on daily timeframe without a handle. Good accumulation at lower levels. Depth of cup is less than 35% - indicates strength Expecting it to move sideways for a few day Might form a handle and thereafter a possibility of a breakout Let's see

techmental_AK Updated 

Reasons for buying : 1. +RSI divergence 2. Trendline break 3. FIbo 61.8% support level 4. Conitnuation of bullish trend

techmental_AK

On chart

techmental_AK

On chart

techmental_AK

On chart

techmental_AK

Buying 580/590 With SL at 460 for 740+ target

techmental_AK

Levels on chart Good build up

techmental_AK

Looking bullish If it breaks the resistance trendline

techmental_AK

Trade Plan

techmental_AK

Based on weekly chart structure

techmental_AK

Buy 490/500 With SL of 448 Buy around 490/500 With SL of 448 For 536/570 For targets of 536/570

techmental_AK

Added because -- 1. RSI divergence (bullish) on monthly chart 2. RRR is very much favourable 3. Divestment and other theories + probable growth in PSUs overall Levels and duration on the chart

techmental_AK Updated 

On chart